The Indian Hotels Company Ltd

Macau’s tally of visitors reached 81,798 for the seven days from August 12 to August 18 inclusive, a daily average of about 11,685. According to the latest Construction Pipeline Trend Report from Lodging Econometrics , the total China hotel construction pipeline is at 3,693 projects/701,974 rooms. Hilton signed six new luxury hotels in Asia Pacific which will open over the next four years.

China reported 2,312 new Covid infections nationwide today , the first time in more than three months that cases topped 2,000 for three consecutive days. Singapore’s Changi Airport emerged as the busiest airport in Asia in the three months to June 30, 2022, recording more than double the number of passenger movements than its nearest rival. The newly built 229 keys midscale Mercure Kuala Lumpur Glenmarie managed by Accor has officially opened in Shah Alam, Selangor in Malaysia.

China has locked down part of Tibet’s capital following reports of a Covid-19 outbreak that grew from four to 22 cases on Monday. Radisson Hotel Group announced the signing of Radisson Biratnagar in Nepal, in partnership with The Centurion Hotel Private Limited. Ennismore announced its continued expansion across New Zealand and Australia with the signing of four new hotels in New Zealand with CP Group.

Hong Kong announced plans to further ease its arrivals quarantine requirements . More than 50 luxury hotels are set to open in Jakarta and Bangkok within the next five years , highlighting the expectations of a strong economic recovery. Accor is teaming up with PT. Mega Hotel Lestari in introducing the first ibis Styles in Semarang in Indonesia .

STR said things really improved in China following the belief that the Covid outbreaks were over. Hotel RevPAR for the week ended July 30 th in China was up 8.5% year over year while down only -10.3% versus the same week in 2019. Travelers from Japan, Taiwan and Macau will be temporarily allowed to enter South Korea without a visa this month. Baring Private Equity Asia announced its affiliated real estate funds completed the acquisition of the Sydney Hilton hotel for A$530 million.